Stocks to Watch: OfficeMax, Dell, Herbalife

NEW YORK (MarketWatch)—Among the companies whose shares are expected to see active trade in Tuesday’s session are OfficeMax, Dell Inc., Herbalife Ltd., and Medtronic Inc. The stock market is closed on Monday for the Presidents Day holiday.

Reuters

Founder Michael Dell plans to take his company private in a $24 billion deal.

Dell
US:DELL
is expected to report fourth-quarter earnings of 39 cents a share, according to a consensus survey by Thomson Reuters. The personal computer company is in the process of executing a $24 billion plan to go private but faces growing resistance.

Fidelity National Financial Inc.
FNF, +2.88%
is expected to post fourth-quarter earnings of 59 cents a share. The insurer is expected to see strong revenue growth on the back of a rise in title order count data, Mark Devries, an analyst at Barclays, said in a report.

Herbalife
HLF, -1.38%
is projected to post fourth-quarter earnings of $1.03 a share. Herbalife has been at the center of a high-profile fight between Bill Ackman and Carl Icahn, including a very public spat aired on CNBC last month. In December, Ackman called out the company for being a well-managed pyramid scheme and revealed a $1 billion short position. Then late Thursday, a regulatory filing showed that Icahn owns 14 million shares of Herbalife, equivalent to a nearly 13% stake. The revelation comes after Icahn had warned earlier that Ackman will face a “mother of all short squeezes.” See: Icahn takes shots at Ackman as he defends Herbalife

Medtronic
MDT, -1.43%
is projected to post earnings of 91 cents a share in the third quarter. Analysts will be looking for an update on the company’s 2013 earnings-per-share outlook of $3.66 to $3.70, said Joanne Wuensch, an analyst at BMO Capital Markets.

Nabors Industries Ltd.
NBR, -1.43%
is likely to report earnings of 29 cents a share in the fourth quarter. The stock of the oil-and-gas drilling company is up 21% for the year.

OfficeMax Inc.
US:OMX
and Office Depot Inc.
ODP, -2.12%
are in advanced merger discussions, with an announcement possible as early as this week, The Wall Street Journal reported, citing people familiar with the talks.

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